USDJPY tracks firmer yields to snap three-day downtrend near 114.00
maintained its offered tone through the early European session, albeit has managed to recover a few pips from the weekly low. The pair was last seen trading just below the 114.00 mark, still down around 0.20% for the day.The pair extended this week's rejection slide from the key 115.00 psychological mark and witnessed some follow-through selling for the third successive day on Friday.
Bearish traders further took cues from the ongoing retracement slide in the US Treasury bond yields from multi-year highs, which undermined the US dollar. That said, the prospects for a faster policy tightening by the Fed acted as a tailwind for the buck and helped limit losses for the USD/JPY pair.
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